The Heritage Apartments

About This Building

Affordable Housing Option in Malden, MA: The Heritage Apartments Introduction: The Heritage Apartments in Malden, MA, offer a Low-Income Housing Tax Credit (LIHTC) program for individuals seeking affordable housing. Supported by the LIHTC, these rental apartments abide by program rent and income restrictions, providing incentives for builders and developers to cater to low-income individuals. Rent Based on Area Median Income: To maintain affordability, the maximum rent charged at The Heritage Apartments is determined by the Area Median Income (AMI). However, it is important to note that the AMI may potentially render this apartment unaffordable for some low-income persons. To assess affordability, it is advisable to check the current rental rates. Abundant One-Bedroom Apartments: With a total of 156 one-bedroom apartments, The Heritage Apartments cater to the housing needs of low-income individuals. It is worth mentioning that due to high demand, waiting lists are often present in today's rental market. Contact Information and Eligibility: To explore if you qualify for residency and apply, contacting The Heritage Apartments directly using the provided number is recommended. Moreover, it is essential to highlight that this apartment complex accepts HUD subsidies. If you meet the requirements for low-income housing and available apartments exist, the rent is calculated based on 30% of your Adjusted Gross Income. Please call for additional details. Conclusion: The Heritage Apartments in Malden, MA, provide an affordable housing option through the LIHTC program. With numerous one-bedroom apartments available, low-income individuals can inquire about eligibility by contacting The Heritage Apartments directly. HUD subsidies are accepted, and rental rates are influenced by income levels. For further information, please call for details.